Tag: Closing Costs

Out of Control: Title Insurance and Other “Extras” Home Buyers Pay

Jun 14, 2024

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by

Deeds.com

in Real Estate

$18K annually. That’s what the average homeowner pays to be one — above and beyond the price of the home and mortgage, property taxes, and utilities. Mortgage closing costs make up a third of that figure. U.S. housing costs are outpacing the country’s overall inflation. Homeowners’ insurance alone is up 11% year over year. And…
“Assume” Makes a Great Deal for You and Me, Right? What to Know About Your Assumable Mortgage

Aug 30, 2023

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by

Deeds.com

in Mortgage

Got a government-backed mortgage with an assumable loan? If you decide to sell, a buyer might jump at the chance to get, say, a 3% interest rate instead of something between 6% and 7%. An assumable loan lets the mortgage stay on the home, even though you transfer the home’s deed to a new owner.…